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Vision H2 and Virya Energy sign MOU

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Terneuzen, the Netherlands – 11th of May 2021.

VoltH2 and Virya Energy are preparing to build a green hydrogen plant in the port area of North Sea Port.  Both companies have signed a mutual MOU for the joint development and construction of this 25 MW green hydrogen production facility in Terneuzen.

VoltH2 has  signed a cooperation agreement in advance of a long-term Lease Agreement with North Sea Port Authority, securing a suitable industrial plot of 30.000 m2 in the Terneuzen port area. VoltH2 commenced the initial planning and pre-engineering development work for a 25MW green hydrogen plant with tube-trailer loading and distribution facilities.  

Expandable beyond the initial production capacity

VoltH2 plans to deliver an initial 25 MW electrolysis plant using proven, commercially available technology. The plant will produce up to 3.6 million kg (3,600 tonnes) of green hydrogen annually, thus contributing to sustainability goals in the North Sea Ports area. This amount could easily be doubled or trebled through an increase in future electrolyser production capacity.

The project location is accessible by road, rail and waterway to support the supply and distribution of green hydrogen to off-takers and consumers in the region. For the first phase of the project the required investment amount is estimated at between €35 and €40 million Euros.

The site is strategically located in the Axelse Vlakte in Westdorpe, Terneuzen. In an area with significant local demand for H2 consumption, there are also some nearby heat offtake opportunities to explore. The project site synergies include close proximity to an existing Bio LNG producer, two Bio Steam and Bio Ethanol production related projects that are being considered for development nearby. This would create one of the first advanced fuels production clusters in The Netherlands,  generating significant synergies between these diverse forms of fuel production and the use of green H2 as feedstock and as a fuel.

Green hydrogen hub

“Our partner Virya Energy bring with them a vast amount of knowledge gained in developing practical green hydrogen applications, and continue to be at the forefront of innovation with regards to developing and adopting renewable and sustainable energy practices”, says Andre Jurres, VoltH2’s Managing Director.

The Benelux region, and especially its Ports and Harbours, plays a historical and leading role in the usage of hydrogen in the world, and now governments are working hard to support the energy transition towards low-carbon alternatives to fossil fuels. The Dutch, Belgian and Flemish governments all play a crucial role in creating the framework to ensure that the adoption of green hydrogen usage has the requisite economic support system that it needs to meet the EU targets by 2050.

North Sea Port, Energy Port

Daan Schalck, CEO North Sea Port: “NSP is focussing constantly harder on the energy transition, the new green hydrogen plant of VoltH2 in Terneuzen contributes to this transition and offers lots of possibilities for companies located in the industrial park Axelse vlakte.  North Sea Port is reinforcing its position as such as hydrogen hub in Western Europe.”

About Virya Energy 

Virya Energy, which groups the companies Parkwind, Eoly Energy en Eurowatt, is much experienced in the production of renewable power (both onshore and offshore) and is currently also developing multiple H2 related projects. By developing the Terneuzen project, Virya helps to ensure that the necessary Hydrogen infrastructure is put in place in support of the coming energy transition. The Benelux is a unique region with a strongly developed industrial and logistics fabric. Green hydrogen has the potential to put industry and logistics firmly on the road towards CO2 neutrality by 2050. 

About VoltH2

VoltH2 is a group of companies headquartered in the Netherlands. VoltH2 focuses on the origination and development of green and clean hydrogen production infrastructure projects throughout Western Europe.

About North Sea Port

North Sea Port is the 60 kilometre cross-border port zone stretching across 91,000 hectares (18,000 football pitches) from Vlissingen on the North Sea in the Netherlands, via Terneuzen to Ghent, 32 kilometres inland in Belgium. As a centrally located hub in Western Europe, the port stands for multimodal transport (shipping, inland navigation, rail, truck and pipeline) and a multitude of types of goods. With an added value of €14.5 billion, North Sea Port is ranked third among European ports for added value. In terms of cargo transhipment, it is nineth in Europe with 63,5 million tonnes. The port zone creates employment for almost 100,000 people in 525 firms.

Info

Virya Energy

Stephan Windels, CEO Eoly Energy

Tel. +32 (0)477 50 64 98, stephan.windels@eoly-energy.com

VoltH2

Andre Jurres, Managing Director.

Tel. +32 (0)475 23 85 49, info@visionh2.com 

About Vision Hydrogen Corporation

Vision Hydrogen is focused on hydrogen production for transportation and power requirements, with a goal of contributing to a clean-energy environment. Our commitment is to provide the highest-quality hydrogen production, storage and distribution services for the hydrogen economy supply chain, serving residential, commercial and government sector. Through its wholly-owned subsidiary VoltH2, Vision Hydrogen designs, develops, constructs and operates green hydrogen plants in Northwestern Europe, with production facilities being developed in Vlissingen and Terneuzen (the Netherlands). Plant production forecasts are to commence production output in 2023 and each plant will have the capacity to produce up to 3.5 million kilograms (3,500 tonnes) of green hydrogen per year, scalable up to a combined 24.5 million kilograms (24,500 tonnes). Strategically located within North Sea Port, the end product will be transportable by road, rail, waterways and pipeline. Local industry will be able to purchase green hydrogen in order to meet its environmental objectives. For more information visit www.visionh2.com.

Contact Information

Corporation/Investor Relations
95 Christopher Columbus Drive,
16th Floor Jersey City, NJ
07302 USA

551-298-3600

www.visionh2.com

Forward Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “forecast”, “anticipate,” “believe,” “forecast,” “estimate,” “expect” and “intend,” among others. These forward-looking statements are based on current expectations, and actual results could differ materially. The Company does not undertake an obligation to update or revise any forward-looking statement. The information set forth herein speaks only as of the date hereof.